Ambitious IT and telecommunications firm Flotek Group has made its ninth acquisition in 18 months. The Cardiff-based startup has bought Ikona IT Solutions for an undisclosed amount in a deal advised on by the GS Verde Group.
This is the ninth deal by the fast-growing firm since it was established in April 2022, as it continues its acquisition-fuelled growth. The company has previously acquired Andover-based FlexiNet, Gower Business Systems, Plymouth IT firm MazingTree and Swansea's Cloud9ine Communications and Liberty Solutions as well as ECS Solutions, Saecom and Toolk-IT, to facilitate its geographical and service expansion.
It has now acquired Ikona IT Solutions, one of the longest-serving IT support businesses in Cardiff, which will aid Flotek’s plans for accelerated growth in the capital.
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Flotek chief executive Jay Ball said: “We are pleased that Ikona IT Solutions has joined the Flotek Group. Ikona is an IT company with a wealth of experience in providing businesses with a truly varied range of IT and communication needs, all with a stellar reputation for customer service. The acquisition of Ikona means that Flotek can add these valuable services to our diverse roster, providing a more streamlined and comprehensive service for our customers.”
Ikona director Spiro Ginis said: “Knowing Jay and his plans for the future, I believe this acquisition will only strengthen the business and allow us to continue to provide Ikona clients with the high-quality, end-to-end IT support that they know, alongside enhanced cyber security and engineering resource options. We are excited to be part of Flotek’s impressive journey.”
Flotek said it is working on two additional deals to be announced before the end of the year.
